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Suzlon Energy announces early redemption of FCCBs worth $35.9 million

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Suzlon Energy on Wednesday announced early redemption of USD 35,931,200 Foreign Currency Convertible Bonds (FCCBs) which were due for payment in 2032. "This is...
Finance

Farm subsidies impacts food security, WTO needs to look with open mind: FM

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The World Trade Organisation (WTO) should look at the issue of farm subsidies with an open mind as it impacts the food security...
Finance

38 new branches, ATMs to be opened in Arunachal Pradesh: Union minister

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Union Minister Dr Bhagwat Kishanrao Karad has said that the banking industry would expand its network in Arunachal Pradesh as 38 new branches...
Finance

HSBC’s profit jumped by $1.5 billon from acquisition of SVB’s UK arm

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Banking giant HSBC said that its profits got a $1.5 billion boost from the purchase of collapsed Silicon Valley Bank's (SVB) British business...
Finance

Net profit zooms 86% at Rs 581.24 cr on improvement in margins

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UCO Bank net profit up 145% at Rs 504 cr in July-September quarterPlacement offers at IITs in 2023 may not be as high...
Finance

Chase India to set up SRO in light of recent crackdown on Chinese loan apps

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Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation...
Finance

RBI likely buying dollars to prevent rupee appreciation, absorb inflows

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MUMBAI (Reuters) - The Indian central bank is likely buying dollars via state-run banks to prevent the rupee from appreciating in the wake...
Finance

39% Indian families claim to be victim of online financial fraud: Report

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Around 39 per cent of families in a survey claimed to have experienced financial fraud in the last three years and only 24...
Finance

Rupee appreciates by 10 paise to 81.72 against US dollar in early trade

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The rupee gained 10 paise to 81.72 against the US dollar in early trade on Tuesday tracking a weak American currency and a...
Finance

Large corporates will never be allowed to open a bank in India: N Vaghul

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Large corporates will never be allowed to open a bank in India, veteran banker N Vaghul has said. Vaghul said India has learnt from...
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